OSX Brasil subsidiary payments suspended for 18 months by Dutch court

By Caroline Salls

Pittsburgh, Sept. 29 – OSX Brasil SA said a Dutch court granted an 18-month definitive suspension of payments for the company’s OSX WHP 1&2 Leasing BV subsidiary, according to a news release.

A provisional moratorium was granted on July 9. The definitive suspension is retroactive to that date.

The company said the court’s decision was supported by all creditors present, as well as by the supervisory judge and the OSX administrator.

OSX Brasil is a Rio de Janeiro-based oil and gas holding company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.